Maintaining The Position Above The Trendline

Cardano (ADA) maintains bullish momentum, closing above $0.3528 resistance. A short-term rally towards $0.3700 is possible, and a break above this level could trigger further upside.

10/15/20241 min read

Cardano (ADA) shows bullish momentum, closing above $0.3528 with potential for a short-term rally to
Cardano (ADA) shows bullish momentum, closing above $0.3528 with potential for a short-term rally to

Cardano (ADA) is currently maintaining its position above the trendline, showing signs of bullish momentum. The price has successfully closed above the previous resistance level of $0.3528, which is a positive indication of potential upward movement. Given the clean price action to the left, there is a possibility for a short-term rally towards the next key resistance area at $0.3700. If this level is tested and broken, it could pave the way for further bullish moves in the near future.